Money-market certificate
[muhn-ee-mahr-kit] /ˈmʌn iˌmɑr kɪt/
noun
1.
a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.
2.
any type of savings certificate whose interest rate is based on current money-market interest rates.
Read Also:
- Money-market fund
noun 1. a mutual fund that invests in the money market.
- Money-of-account
noun 1. a monetary denomination used in reckoning, especially one not issued as a coin, as the U.S. mill. noun 1. another name (esp US and Canadian) for unit of account
- Money-order
noun 1. an order for the payment of money, as one issued by one bank or post office and payable at another. noun 1. (US & Canadian) a written order for the payment of a sum of money, to a named payee, obtainable and payable at a post office Also called (in Britain and certain […]
- Money-of-necessity
noun 1. temporary coinage, as siege pieces, issued in areas where regular coinage is unavailable: sometimes of unusual materials, as leather or wood.
- Moneypuker
noun An automatic teller machine; atm: Frank went to get some cash from the moneypuker at Becker’s (1990s+)